Dollar and South Korean Won Slip Amid North Korea Tensions

The U.S. blue-chip index is down 1.1% this week and the S&P 500 is 1.6% lower, facing its worst weekly performance since November.

Rising tensions between North Korea and the United States were once again the theme of the day with only the release of much-awaited inflation figures out of the U.S. managing to divert attention away from developments on that front. A gauge of volatility on the S&P 500, the VIX hit its highest reading for over a month.

As well as monitoring the geopolitical backdrop, investors are looking ahead to an appearance Thursday by Bill Dudley, president of the U.S. Federal Reserve Bank of NY, for signs of the Fed's outlook on the economy. The Japanese markets were closed for a holiday. The index had its biggest drop since mid-May a day earlier. United States bond prices also rose while gold closed at its highest for the week up 1.52% to $1281.

The recovery fit a recent pattern of investors using dips to put more money in stocks.

"We take comfort that numerous smaller markets are growing strongly, offsetting declines in the key markets Italy, Russia (weather impact) and Nigeria (price increases)", they added. Trump is issuing a new warning over the North's development of nuclear weapons.

Tensions increased further late in the NY session following comments by President Trump that the United States would respond to any threat with "fire and fury, the like of which the world has never seen".

The International Energy Agency said Opec members were not complying with production cuts, which were holding back efforts to rebalance the market quickly. It's still the highest it's been since May.

Federal Reserve Bank of New York President William Dudley will make an appearance later in the day and his comments will be parsed for clues regarding the future pace of interest rate hikes. In particular, July headline inflation came in at 0.1% month-month in July, falling short of expectations for CPI growth to stand at 0.2% - still this was better than June's 0.0%.

"Today's inflation data put the Fed on pause and really diminishes the fact that there's still some noise going around with the North Korea-U.S. situation", said Phil Blancato, CEO of Ladenburg Thalmann Asset Management.

Railroad stocks have shown a strong move to the upside on the day, driving the Dow Jones Railroads Index up by 1.3%. This statement helped push the dollar from its highs.

In the Dow, declines in shares of Merck and those of DuPont, recently down 0.9 per cent and 0.8 per cent respectively, outweighed gains in shares of Apple and those of Microsoft, recently up 1.3 per cent and 0.7 per cent respectively.

Blue Apron shares rose 6.73 percent after the meal-kit delivery service provider reported a rise in revenue in its first quarterly report since debut. The company also said sales at its established stores declined for the fourth straight quarter. The company's stock dropped $4.15, or 3.88 per cent, to $102.83 US.

US Treasury yields fell to as low as 2.197 percent, their lowest level since June 28 overnight.

US crude futures extended losses from Thursday, when they tumbled 2 percent on fears of slowing demand and lingering concerns over a global oversupply. Brent crude, used to price worldwide oils, rose 20 cents to $52.10 a barrel in London.

Focusing on United Kingdom stocks, Old Mutual was among the biggest fallers after saying it was taking a "cautious" approach to the dividend despite hiking half-year profits. Natural gas was also flat at $2.98 per 1,000 cubic feet.

Gold fell $2.10 to $1,262.60 an ounce.

The euro was down 0.1 percent at $1.175 while the dollar fell 0.6 percent to 109.68 yen.

But US Forces-Afghanistan said in a statement on Saturday that the airstrike "killed a number of militants", not civilians. It was the second time since July 24 that an airstrike in that district killed civilians, according to Afghan officials.

ELIAQUIM MANGALA could get a shock lifeline at Manchester City - as Pep Guardiola struggles to find the new centre back he wants. Meanwhile, Guardiola claims there will be no immediate repeat of this summer's lavish spending at Manchester City .

Residents of the USA island of Guam say they're anxious but overall "unworried" amid missile threats from North Korea . Mothers told him they were "really apprehensive" because "you just don't know what's really going to happen".

Pep Guardiola is unmoved by Manchester City's standing as pre-season favourites for the Premier League title. He added: "We played four games, one with four at the back and the last three with three at the back".

I do think Alexandre Lacazette will be clinical but I can't guarantee he'll score in the big games , so I'd back him each-way. "My experience of being a manager, always the beginning of the season the new ones are the toughest ones", Guardiola added.

If they do, they will look to recoup more than just the £44.3m they paid to sign him from Manchester United . Tax authorities in Brazil are yet to decide if they concur with the figure and will agree to settle.

If Bard Pitt and Angelina Jolie really mind the kids, then there is a possibility that they will put an end to the legal process. Moreover, the friends of the couple also revealed that Pitt and Jolie had not done anything in the past several months.

Hartford Investment Management Co.'s holdings in Prudential Financial were valued $10,384,000 during the latest fiscal quarter. BidaskClub upgraded shares of Prudential Financial from a "hold" rating to a "buy" rating in a report on Wednesday, July 12th.

Bellquist, who was later released on bail, has not been charged with a crime in connection with the incident. The victim, a 33-year-old woman , tried to speak to him however he did not acknowledge her.

The one-upmanship in the "war of words" between Donald Trump and Kim Jong-un came to accelerate the fall of the stock market. The latest United States economic data cemented expectations that inflation will remain subdued amid a robust labour market.

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